Ameritas Advisory Services LLC Acquires Shares of 293 Ingredion Incorporated $INGR

Ameritas Advisory Services LLC bought a new stake in Ingredion Incorporated (NYSE:INGR) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 293 shares of the company’s stock, valued at approximately $40,000.

Other large investors have also recently made changes to their positions in the company. River Street Advisors LLC boosted its holdings in shares of Ingredion by 2.6% in the second quarter. River Street Advisors LLC now owns 6,924 shares of the company’s stock valued at $939,000 after acquiring an additional 175 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Ingredion by 24.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,517 shares of the company’s stock valued at $2,918,000 after acquiring an additional 4,161 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in Ingredion by 12.7% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 4,531 shares of the company’s stock worth $614,000 after purchasing an additional 509 shares during the period. Lecap Asset Management Ltd. acquired a new stake in Ingredion during the 2nd quarter worth $521,000. Finally, Avior Wealth Management LLC boosted its stake in Ingredion by 29,000.0% during the 2nd quarter. Avior Wealth Management LLC now owns 2,910 shares of the company’s stock worth $395,000 after purchasing an additional 2,900 shares during the period. 85.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Larry Fernandes sold 850 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $128.39, for a total value of $109,131.50. Following the completion of the sale, the senior vice president owned 31,171 shares in the company, valued at $4,002,044.69. This trade represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James P. Zallie sold 36,287 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $126.52, for a total transaction of $4,591,031.24. Following the completion of the sale, the chief executive officer owned 50,129 shares of the company’s stock, valued at $6,342,321.08. This trade represents a 41.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,137 shares of company stock valued at $4,700,163 in the last quarter. Company insiders own 1.80% of the company’s stock.

Ingredion Price Performance

Shares of INGR opened at $120.03 on Tuesday. The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average is $124.95 and its two-hundred day moving average is $131.20. The firm has a market capitalization of $7.70 billion, a PE ratio of 11.71, a P/E/G ratio of 0.95 and a beta of 0.74. Ingredion Incorporated has a twelve month low of $119.31 and a twelve month high of $155.44.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.78 by $0.09. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Research analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.7%. This is an increase from Ingredion’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, October 1st. Ingredion’s dividend payout ratio is 32.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on INGR shares. Wall Street Zen cut shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group decreased their target price on shares of Ingredion from $144.00 to $130.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ingredion in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.20.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.